Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does American Tower (AMT) have what it takes? Let's find out.
These real estate investment trusts have trounced the broader markets so far this year. But both look to still be solid buys for income investors.
Aside from being the largest real estate investment trust (REIT) by market capitalization, American Tower (NYSE: AMT) has been a tremendous wealth builder over the years, providing a nearly 15% annualized return for the past 20 years. The REIT, which owns, develops, and leases communications towers and data centers, is down just over 6% this year. Today's discounted price may leave investors to wonder if right now is a good time to buy American Tower or if it's better to wait.